Bomcobit, the Austrian financial technology unicorn, is creating a new trading platform for cryptocurrency derivatives.
Crypto firm Bomcobit is currently trying to hire a trading executive for its product that caters to experienced traders and institutions. This role involves creating a new trading function, initially focused on the spot OTC department, but later expanding into derivatives products.
Derivatives, such as futures and options, allow traders to bet on and hedge the performance of underlying assets, in this case cryptocurrencies.
A former executive who was hired to head Bomcobit in late October said the company is hiring a team of experienced institutional salespeople to increase its presence in Europe.